Q1 2018 Earnings Estimate for Praxair, Inc. (PX) Issued By KeyCorp

Praxair, Inc. (NYSE:PX) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Praxair in a report released on Tuesday. KeyCorp analyst M. Sison anticipates that the basic materials company will post earnings per share of $1.44 for the quarter. KeyCorp also issued estimates for Praxair’s Q2 2018 earnings at $1.52 EPS and Q3 2018 earnings at $1.59 EPS.

Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the company earned $1.41 EPS. Praxair’s revenue was up 7.6% compared to the same quarter last year.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Praxair from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. SunTrust Banks reissued a “buy” rating and issued a $162.00 price target on shares of Praxair in a research note on Friday, October 27th. Citigroup raised shares of Praxair from a “neutral” rating to a “buy” rating and increased their price target for the company from $137.00 to $168.00 in a research note on Monday, October 30th. Deutsche Bank raised shares of Praxair from a “hold” rating to a “buy” rating and increased their price target for the company from $155.00 to $175.00 in a research note on Tuesday, December 19th. Finally, UBS Group increased their price target on shares of Praxair to $176.00 and gave the company a “buy” rating in a research note on Friday, December 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $159.86.

Shares of Praxair (NYSE:PX) traded down $1.96 during midday trading on Thursday, reaching $161.50. 1,746,700 shares of the company traded hands, compared to its average volume of 1,976,358. Praxair has a one year low of $115.53 and a one year high of $166.08. The stock has a market cap of $46,270.00, a PE ratio of 28.74, a PEG ratio of 2.24 and a beta of 1.00. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11.

In other news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total value of $768,053.00. Following the transaction, the director now directly owns 16,697 shares in the company, valued at approximately $1,957,890.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Several hedge funds have recently modified their holdings of PX. BlueMountain Capital Management LLC lifted its holdings in shares of Praxair by 35.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,264 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 331 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Praxair by 4.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 34,883 shares of the basic materials company’s stock worth $4,624,000 after buying an additional 1,344 shares in the last quarter. Pacific Center for Financial Services lifted its holdings in Praxair by 65.7% during the 2nd quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock worth $119,000 after buying an additional 356 shares in the last quarter. Quantitative Investment Management LLC lifted its holdings in Praxair by 19.8% during the 2nd quarter. Quantitative Investment Management LLC now owns 75,100 shares of the basic materials company’s stock worth $9,954,000 after buying an additional 12,400 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Praxair by 9.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,052,965 shares of the basic materials company’s stock worth $139,571,000 after buying an additional 94,212 shares in the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.

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Praxair Company Profile

Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

Earnings History and Estimates for Praxair (NYSE:PX)

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